Sui Price Prediction for Today, November 29 – InsideBitcoins

The Sui price prediction is trading around the $3.49 resistance level as the coin hovers around the 9-day moving average.

Sui prediction statistical data:

• Sui Price Now – $3.49
• Sui Market Cap – $9.93 Billion
• Circulating supply Sui – 2.85 billion
• Total Sui supply – 10 billion
• Sui Coinmarketcap Ranking – #18

SUI demonstrates the value of early crypto adoption, with its price up an impressive +855.59% from its all-time low of $0.3643 on October 19, 2023. Despite trading below its all-time high of $3.93 (reached November 17, 2024). ), its current range between $3.36 and $3.55 highlights continued market interest. This performance highlights the potential rewards of identifying and investing in promising projects early, making SUI a standout example of significant growth in the crypto space.

SUI/USD Market

Key levels:

Resistance Levels: $4.50, $4.55, $5.00

Support Levels: $2.50, $2.45, $2.40

Looking at the daily chart, the market structure for SUI/USD appears favorable, showing the classic signs of a bullish reversal. After testing and reclaiming support at $3.00 and $2.95, the token exhibited a strong bounce, indicating strong buying interest. This trend aligns with traditional reversal signals where price drops below key support, gathers liquidity, and then reclaims the level to initiate bullish momentum. Despite this bullish breakout above the downtrend, broader market conditions, including Bitcoin price action, play a crucial role in determining the sustainability of SUI’s rally.

Sui Price Prediction: Sui (SUI) Could Rise to the Upside

From a resistance perspective, the $3.40 to $3.50 range remains a critical area to watch. If SUI fails to sustain above this level, it may pull back to consolidate or test lower support levels before any significant upward movement. Conversely, a sharp increase in trading volume from the $3.40 area could invalidate bearish expectations and pave the way for a move towards $4.00 or higher. However, given the current state of the market, consolidation seems more likely in the short term.

At the time of writing, Sui price is currently trading at $3.49, and any attempt to push it below this level could likely open the door to further downside, and the price could climb higher below the $3.00 support level. However, traders may need to keep their eyes on $4.00 before creating a new uptrend at the $4.50, $4.55, and $5.00 resistance levels. Meanwhile, it is likely that traders will experience a quick buy once the trade hits support at $2.80, but if the price fails to rebound, a bearish breakout would trigger more selling opportunities for the market, which could cause the price to locate the level. critical supports at $2.50, $2.45 and $2.40.

SUI/BTC consolidates below moving averages

Against Bitcoin, Sui (SUI) is moving sideways within the channel. If selling pressure resumes in the market, Sui price could lead to a new low in the market. Currently, the 9-day technical indicator is moving below the 21-day moving average; More negative moves may come into play if the coin moves below the lower boundary of the channel.

However, traders can expect close support below the moving averages at 3000 SAT before moving to 2700 SAT and below. Meanwhile, if a bullish move surfaces, validating a breakout above the 21-day moving average can confirm a bullish move, and the nearest resistance level can be located at 4,700 SAT and at -above.

Nonetheless, with over 144,000 followers on Based on the Elliott Wave (EW) count, the recent wave 4 correction appears to be complete, paving the way for a potential move towards the next target range of $4.7 to $5.2.

$SUI #SUI 1D chart

I know you only want to see “up”, but let’s be real: pullbacks are healthy.

According to my EW count, we have completed this small w4 correction and are heading towards my next target – $4.7-5.2 🎯 pic.twitter.com/YzUsdQKzJE

– CryptoBullet (@CryptoBullet1) November 26, 2024

Alternatives to Sui

While SUI/USD hints at a potential upside breakout, current market conditions favor a short-term consolidation phase. Meanwhile, Pepe Unchained is making significant strides in the cryptocurrency space, growing from a meme coin to a transformative project. With its ambitious layer 2 blockchain ecosystem offering decentralized exchanges, bridges, staking rewards and developer subsidies, it is positioning itself as a formidable player in the blockchain industry. The project has already raised over $58.6 million during its ongoing pre-sale, reflecting strong investor confidence and market interest.

Pepe Unchained How far can it go if demand stays the same

If it maintains its current momentum, Pepe Unchained has the potential to become a remarkable project in the crypto space, combining innovation with market demand to carve out a niche in the competitive blockchain ecosystem. As it prepares for major stock listings and a robust liquidity pool, early investors have the unique opportunity to capitalize on its rapid momentum and position themselves for significant returns. Don’t miss the opportunity to be part of a revolutionary project with the potential to redefine the future of blockchain innovation.

Visit Pepe Unchained

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